Raytheon Technologies Corp (RTX)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 0.50 | 0.53 | 0.56 | 0.59 | 0.58 | 0.59 | 0.59 | 0.57 | 0.58 | 0.65 | 0.60 | 0.72 | 0.67 | 2.14 | 3.75 | 4.45 | 5.56 | 5.27 | 5.35 | 3.17 | |
| Number of days of payables | days | 725.56 | 692.44 | 647.54 | 613.99 | 631.43 | 619.04 | 616.22 | 642.17 | 630.26 | 558.59 | 607.11 | 505.62 | 544.88 | 170.55 | 97.29 | 82.04 | 65.62 | 69.27 | 68.25 | 115.28 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.50
= 725.56
The number of days of payables for Raytheon Technologies Corp has shown fluctuations over the periods indicated. On December 31, 2021, the company had 544.88 days of payables, which was notably high compared to the previous periods. This could potentially indicate that the company was taking longer to pay its suppliers during that time.
Subsequently, the number of days of payables decreased to 505.62 days on March 31, 2022, but then increased again to 607.11 days on June 30, 2022. This trend continued with fluctuations in subsequent periods, reaching its peak at 725.56 days on December 31, 2024.
The increasing trend in the number of days of payables could suggest that Raytheon Technologies Corp may be extending the time it takes to pay its suppliers. This could be a deliberate strategy to manage cash flow or could potentially be a signal of financial distress if the trend continues without a clear rationale.
It is important for investors and analysts to closely monitor the number of days of payables as it can provide insights into the company's liquidity position, supplier relationships, and potential financial challenges.
Peer comparison
Dec 31, 2024
See also:
Raytheon Technologies Corp Average Payables Payment Period (Quarterly Data)